Islamabad, May 27, 2025 – In a major development aimed at bolstering anti-smuggling efforts, the Federal Board of Revenue (FBR) has officially notified the Customs Command Fund (CCF) Rules, 2025 to formalize and regulate the operational expenditures of Customs enforcement agencies.
(more…)Author: Shahnawaz Akhter
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KSE-100 index adds 112 points amid pre-budget jitters
Karachi, May 27, 2025 — The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) recorded a modest gain of 112 points on Tuesday, closing at 118,333 points, up from the previous day’s close of 118,221 points.
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SAI submits comprehensive tax proposals for budget 2025-26
Karachi, May 27, 2025 – The Site Association of Industry (SAI) has submitted detailed tax proposals for the upcoming Federal Budget 2025–26, calling for sweeping reforms to support industrial growth, broaden the tax base, and promote export competitiveness.
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Railways key to easing Karachi’s cargo pressure, says DS
Karachi, May 27, 2025 – Divisional Superintendent (DS) Pakistan Railways, Mehmood ur Rehman Lakho, has stressed the urgent need to shift cargo movement from roads to railways to ease Karachi’s growing transportation burden.
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Experts explode over salary tax: gross deductions outrage
Karachi, May 27, 2025 – A storm is brewing in the tax landscape as experts sound the alarm over what they describe as an unjust policy of taxing salary on the gross amount—not the net take-home pay—causing financial strain across Pakistan’s salaried class.
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Car buying bonanza delivers 144% tax collection boost in 10MFY25
KARACHI, May 27, 2025 — The tax authorities in Karachi have reported a stunning 144% increase in tax collection from new car purchases during the first ten months (July–April) of fiscal year 2024–25, driven by a sharp rise in the sale of high-end vehicles across Pakistan.
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ICAP battles brutal inflation with bold salary tax plan
KARACHI, May 27, 2025 — In a bold and potentially game-changing proposal ahead of the 2025-26 federal budget, the Institute of Chartered Accountants of Pakistan (ICAP) has roared into the spotlight by demanding immediate and sweeping relief for Pakistan’s long-suffering salaried class.
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ICAP seeks end to withholding tax for listed companies
Karachi, May 26, 2025 – The Institute of Chartered Accountants of Pakistan (ICAP) has put forward a significant reform proposal in its recommendations for the Federal Budget 2025-26.
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K-Electric secures dollar-based tariff for seven years
Karachi, May 26, 2025 – In a significant regulatory development, K-Electric (KEL) has successfully secured a dollar-based tariff structure for its transmission and distribution operations, following a similar arrangement granted earlier for its power generation segment.
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OICCI highlights tax issues in tobacco sector, seeks urgent relief
Karachi, May 25, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has raised serious concerns over the alarming rise in illicit trade within Pakistan’s tobacco sector, urging the government to provide immediate tax relief and regulatory support to protect legitimate businesses.
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